UnitedHealth Group Inc. (UNH) Price Target Raised to $171.00 at Oppenheimer Holdings Inc.
UnitedHealth Group Inc. (NYSE:UNH) had its price objective hoisted by Oppenheimer Holdings Inc. from $161.00 to $171.00 in a report released on Wednesday morning. The brokerage currently has an outperform rating on the healthcare conglomerate’s stock.
Several other research firms also recently commented on UNH. JPMorgan Chase & Co. lifted their price objective on shares of UnitedHealth Group from $170.00 to $178.00 and gave the stock an overweight rating in a research note on Wednesday. Mizuho upgraded shares of UnitedHealth Group from a neutral rating to a buy rating and set a $178.00 target price for the company in a research report on Wednesday. Leerink Swann boosted their target price on shares of UnitedHealth Group from $185.00 to $195.00 and gave the company an outperform rating in a research report on Wednesday. RBC Capital Markets boosted their target price on shares of UnitedHealth Group from $168.00 to $175.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Jefferies Group boosted their target price on shares of UnitedHealth Group from $168.00 to $182.00 and gave the company a buy rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $162.71.
UnitedHealth Group (NYSE:UNH) opened at 158.32 on Wednesday. The company has a market cap of $150.69 billion, a P/E ratio of 23.39 and a beta of 0.63. The firm’s 50 day moving average is $143.81 and its 200 day moving average is $139.88. UnitedHealth Group has a 12-month low of $107.51 and a 12-month high of $154.50.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, October 18th. The healthcare conglomerate reported $2.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.09. UnitedHealth Group had a net margin of 3.62% and a return on equity of 19.92%. The business earned $46.30 billion during the quarter, compared to the consensus estimate of $46.09 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that UnitedHealth Group will post $8.01 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Friday, December 2nd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.50 annualized dividend and a dividend yield of 1.58%. UnitedHealth Group’s dividend payout ratio is currently 36.93%.
In other UnitedHealth Group news, EVP D Ellen Wilson sold 14,365 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $144.18, for a total transaction of $2,071,145.70. Following the sale, the executive vice president now directly owns 66,635 shares in the company, valued at approximately $9,607,434.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gail R. Wilensky sold 5,460 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $150.55, for a total transaction of $822,003.00. Following the sale, the director now owns 60,052 shares in the company, valued at $9,040,828.60. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Van Hulzen Asset Management LLC acquired a new stake in UnitedHealth Group during the second quarter worth about $104,000. Coconut Grove Bank raised its stake in UnitedHealth Group by 19.5% in the third quarter. Coconut Grove Bank now owns 736 shares of the healthcare conglomerate’s stock worth $103,000 after buying an additional 120 shares during the period. First Personal Financial Services raised its stake in UnitedHealth Group by 36.9% in the third quarter. First Personal Financial Services now owns 742 shares of the healthcare conglomerate’s stock worth $104,000 after buying an additional 200 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in UnitedHealth Group during the third quarter worth about $111,000. Finally, Archford Capital Strategies LLC raised its stake in UnitedHealth Group by 669.2% in the second quarter. Archford Capital Strategies LLC now owns 800 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 696 shares during the period. Institutional investors own 84.92% of the company’s stock.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a diversified healthcare company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. The Company conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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